New York (AFP) – Boeing reported a drop in second-quarter profits on Wednesday due to the continued travails of the 787, but the company said it was close to receiving regulatory approval to resume deliveries of the plane. “We’re on the verge,” Chief E…
Fed poised to attack inflation with another interest rate hike
Washington (AFP) – The Federal Reserve opened on Wednesday the second day of its policy meeting where it is set to announce another big interest rate increase, the fourth this year, in its ongoing battle to tamp down price pressures squeezing American …
Israel’s Teva reaches potential $4.25 bn US opioid settlement
Washington (AFP) – Israeli generic drug maker Teva has reached an agreement in principle to pay $4.25 billion over 13 years to settle a series of court cases over its role in the US opioid epidemic. If the deal is finalized, Teva would become the lates…
Former US women’s goalie Solo convicted of driving impaired: reports
Washington (AFP) – Former US women’s goalkeeper Hope Solo has pleaded guilty to driving while impaired, according to media reports, and says she is “slowly coming back” after undergoing alcohol treatment. The 40-year-old, who received a two-year suspen…
IMF cuts global growth outlook amid US, China slowdowns
Washington (AFP) – Surging inflation and severe slowdowns in the United States and China prompted the IMF Tuesday to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. “The outlook ha…
Joni Mitchell wows with surprise set at Newport Folk Fest
New York (AFP) – Joni Mitchell delivered her first full set in more than 20 years this weekend, surprising attendees at the Newport Folk Festival alongside country star Brandi Carlile. The show followed Mitchell’s stage cameo earlier this year, when sh…
Woman shot after firing into air at Dallas airport: police
Washington (AFP) – Flights were halted at Love Field airport in Dallas, Texas, on Monday after a woman fired several shots into the air inside a terminal, police said. The 37-year-old woman was shot and wounded by a police officer after she fired into …
Fed set for another big rate hike with economy on knife’s edge
Washington (AFP) – US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession. But with war …
Yep, ‘Nope’ rules at N.America box office
Los Angeles (AFP) – Universal’s new horror flick “Nope” opened atop the North American box office, hammering the latest edition of Marvel’s “Thor” franchise to earn an estimated $44 million, industry watcher Exhibitor Relations reported Sunday. The ali…
Russia says Odessa strikes hit Western arms
Kyiv (Ukraine) (AFP) – Russia said Sunday that its missile barrage on a Ukrainian port central to a freshly-inked grain export deal had destroyed Western-supplied weapons, after the attack sparked an outcry from Ukraine’s allies. Ukrainian President Vo…